DaVita HealthCare Partners Inc (DVA)

Total asset turnover

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 12,140,150 11,911,290 11,738,650 11,665,040 11,609,900 11,636,980 11,626,610 11,616,360 11,618,800 11,580,150 11,565,900 11,529,370 11,550,610 11,543,870 11,523,880 11,486,600 11,388,470 11,311,010 11,254,260 11,298,510
Total assets US$ in thousands 16,893,600 16,928,700 16,958,800 16,727,800 16,928,300 16,961,800 17,100,600 17,087,000 17,121,500 17,633,900 17,810,300 17,647,300 16,988,500 17,046,700 19,305,100 17,596,300 17,311,400 17,451,800 19,931,000 22,605,900
Total asset turnover 0.72 0.70 0.69 0.70 0.69 0.69 0.68 0.68 0.68 0.66 0.65 0.65 0.68 0.68 0.60 0.65 0.66 0.65 0.56 0.50

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,140,150K ÷ $16,893,600K
= 0.72

DaVita Inc's total asset turnover has shown slightly fluctuating trends over the past eight quarters, ranging from 0.68 to 0.72. This ratio reflects how efficiently the company is utilizing its assets to generate revenue. The higher the ratio, the better the company is at generating revenue from its assets.

The average total asset turnover for DaVita Inc during this period is approximately 0.69, suggesting that, on average, the company generates $0.69 in revenue for every $1 of assets it owns. This indicates that the company might not be maximizing its assets' potential to generate revenue efficiently, as it is lower than the industry average.

Investors and analysts should closely monitor DaVita Inc's asset turnover ratio going forward to assess any improvements or weaknesses in the company's asset management and operational efficiency. Additionally, comparing the company's ratio with industry peers could provide further insights into its competitive position.


Peer comparison

Dec 31, 2023

Company name
Symbol
Total asset turnover
DaVita HealthCare Partners Inc
DVA
0.72
Progyny Inc
PGNY
1.44
Sotera Health Co
SHC
0.34